Financial giants have made a conspicuous bullish move on Block. Our analysis of options history for Block (NYSE:XYZ) revealed 14 unusual trades.
Delving into the details, we found 50% of traders were bullish, while 42% showed bearish tendencies. Out of all the trades we spotted, 9 were puts, with a value of $419,724, and 5 were calls, valued at $469,465.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $55.0 and $70.0 for Block, spanning the last three months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Block's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Block's whale activity within a strike price range from $55.0 to $70.0 in the last 30 days.
Block 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| XYZ | CALL | TRADE | BULLISH | 03/20/26 | $3.5 | $3.5 | $3.5 | $70.00 | $210.0K | 11.7K | 641 |
| XYZ | CALL | TRADE | NEUTRAL | 02/20/26 | $1.5 | $1.31 | $1.4 | $70.00 | $140.0K | 2.1K | 1.0K |
| XYZ | PUT | SWEEP | BULLISH | 06/18/26 | $11.2 | $11.0 | $11.02 | $70.00 | $110.1K | 1.2K | 100 |
| XYZ | PUT | SWEEP | BULLISH | 02/06/26 | $2.2 | $2.08 | $2.08 | $63.00 | $62.6K | 86 | 306 |
| XYZ | CALL | SWEEP | BULLISH | 01/15/27 | $13.1 | $13.05 | $13.1 | $65.00 | $53.8K | 600 | 56 |
About Block
Founded in 2009, Block provides payment services to merchants, along with related services. The company also launched Cash App, a person-to-person payment network. In 2024, Square's payment volume was almost USD 250 million.
Following our analysis of the options activities associated with Block, we pivot to a closer look at the company's own performance.
Block's Current Market Status
- With a volume of 3,389,779, the price of XYZ is down -3.58% at $63.59.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 30 days.
Professional Analyst Ratings for Block
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $68.0.
- An analyst from Piper Sandler persists with their Underweight rating on Block, maintaining a target price of $51.
- An analyst from Keefe, Bruyette & Woods has decided to maintain their Outperform rating on Block, which currently sits at a price target of $85.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements.
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